Today’s Australian CPI data came in mixed but generally within the RBA’s target range, potentially setting up AUD/JPY for a bearish move as rate cut expectations remain intact and broad risk sentiment sours this week.
With headline inflation at 2.3% versus 2.2% expected and trimmed mean falling to 3.2% from 3.5%, the data wasn’t strong enough to materially change market expectations for RBA rate cuts starting as early as February.
Let’s examine how we may theoretically structure a trade plan around this development.
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